Fundamental analysis:
USD: decrease in the Consumer Price Index (CPI) of -0.1% compared to the previous month's reading of 0.1% for the US dollar would indicate that there has been a decrease in inflation. Inflation rate can be calculated as the percentage change in the CPI from the previous month. In this case, it would be -0.2%. This means that the inflation rate decreased by 0.2% in the current month compared to the previous month.
EUR: on the other hand, the European interest rate with the price increase by the European Central Bank has reduced inflation in recent months, and this has made it possible to control inflation well in European countries,
Technical analysis: price is now on uptrend and with a small pullback it can keep continue to rise to targets
Target:1.09
Target: 1.12 (long term)
PLEASE LEAVE YOUR IDEA AS COMMENT BELOW
.
.
.
.
.
DON'T FORGET TO FOLLOW AND LIKE IF YOU LIKE THIS ARTICLE
USD: decrease in the Consumer Price Index (CPI) of -0.1% compared to the previous month's reading of 0.1% for the US dollar would indicate that there has been a decrease in inflation. Inflation rate can be calculated as the percentage change in the CPI from the previous month. In this case, it would be -0.2%. This means that the inflation rate decreased by 0.2% in the current month compared to the previous month.
EUR: on the other hand, the European interest rate with the price increase by the European Central Bank has reduced inflation in recent months, and this has made it possible to control inflation well in European countries,
Technical analysis: price is now on uptrend and with a small pullback it can keep continue to rise to targets
Target:1.09
Target: 1.12 (long term)
PLEASE LEAVE YOUR IDEA AS COMMENT BELOW
.
.
.
.
.
DON'T FORGET TO FOLLOW AND LIKE IF YOU LIKE THIS ARTICLE
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.